1. The CBOE is not like the Winkelvoss twins or the other groups that attempted to launch an etf last year. We are talking about one of the largest, respected and financially deep exchanges in the US. They have an ongoing relationship with the SEC. Think about this – these people socialize and have known each other for years – they travel in the same circles – it’s just the way the world works. While it’s not a guarantee, the SEC knows this new asset class is coming to fore, who else’s hands would you launch such a product with? I’m sure the list can be counted on one hand.

2. Another sticking point with the SEC was global regulations. Recently Japan’s and South Korea, two of the larger crypto markets in the world, upped their regulations concerning crypto exchanges, so this concerned has been eased.

3. Clients funds will be fully insured in the event of a hack, lost security keys etc. Basically all the issues that could go wrong in handling cryptos will be absorbed by the CBOE. As well as other best practices will be employed.

4. Last year they received permission to launch futures trading, why wouldn’t they received permission to launch the first ETF approval? It’s all part of a progression if you ask me.

5. Recently the SEC launched audits on all the US based crypto exchanges. They wanted to study price manipulations and understand how this market works. This occurred with NASDAQ too in the early 90s. We’ve discussed this on the site already. I believe their motive was to level the playing field to protect the consumer investor (as best as possible) as well as giving the stamp of approval for institutional investors. And without them, this market will not explode. Finally, don’t you think Wall St. sees a new source of revenue by getting their institutional and retail clients on board? The study was inevitable and necessary. It is a good thing.

6. Let’s look at some other factors also contributing how and why I believe the SEC will be opening the spigot to BTC and crypto investments-

A) while Jamie Dimon went on the record as saying he would fire anyone who buys BTC, JP was secretly buying in Europe. I also believe they
are looking to set a trading desk. Oh wait, no one should know that…

B) Goldman Sachs has not only bought an exchange through an investment vehicle but are presently
setting up a crypto trading desk.

C) Susquehanna has also
started a BTC trading desk. They’ve gone on record as saying BTC will be around forever.

So basically you have some of the largest financial firms investing manpower and capital. Who do you think the SEC talks to when investigating this market?

While I grant you that this preponderance of evidence could be wrong, I don’t think so. So that’s my argument…between the 3rd and 4th quarter it will be announced. And this is only the beginning….

The holy Trilemma of Cryptocurrency may in fact be scalability, decentralization and security, and yet the underlying shared belief is entirely contingent on the fact that there’s some innate sense of immutability.

After the DAO hack, Ethereum was in its infancy. I understood the need to fork to invalidate hundreds of millions in potential funds from being fungible on behalf of a robber(s), yet I digress, because it simply was not about the money back then. It was also the fact that Ethereum was not yet mature enough to continue to evolve with the divine intervention from Vitalik and company in an attempt to rectify a wrong of seismic proportions.

For parity, a company with whose code was insufficient, forking to release the funds would be a continuation of a slippery slope, where now the DAO and Parity could be examples as to why a third or fourth hardfork would be necessary in the future. In essence, it creates an unescapable trend towards thinly veiled mutability.

In layman’s terms, Ether is like a natural gas( in an assumingely immutable system).

This is why splitting for parity would be a reason why I would sell 100% of my stack and move onto another project. If it’s not left untouched now, faith in the system is shaken on an unacceptable scale, with the reinforcement of poorly planned precedents.

The companies of tomorrow, or tokens , which are really just nomenclature for a decentralized startup, will need ETHER to transact.

Right now it’s speculative, but I’m betting that Ethereum becomes the transport gas of the new internet, the hypernet, or whatever the new terms are.

I’m bullish long term because no other company has such a feasible roadmap and actuality to back it up.

You have a smart agent you control working on your behalf. (Not Google, Not Amazon, Your own personal agent you control and that acts in your interests not in the interest of some huge corporation). It understands your preferences. It builds up a picture of your needs from your browser activity, location, and social activity) then negotiates with other agents and enters into contracts on your behalf so as to optimise your life.

You walk into a coffee shop and it has already pre-ordered you your coffee. The staff greet you by name and you swipe to instantly pay. The transaction is paid using a stable coin backed by a combination of crypto and tokenised hard assets.

As you drink it you order a new Ethereum home hub which will run your life. You track its progress as it moves through a transparent international supply chain, which ensures ethical sourcing and tamper proof handling, but this boring stuff like trade finance are not really your concern.

It arrives delivered by a crowdsourced delivery agent to the coffee shop you are in not your home address and you prove you ordered it using the universal identity system. The Ethereum home hub is a great product it will run all your IoT devices and Buy and sell electricity to save you money, Rents out your unused compute, internet access, or storage capacity, selling data like weather data from your IoT devices, rents out your drive to people who want to park or charge their car.

You made a whole chunk of money investing in crypto start ups and AI driven hedge funds, P2P lending and index funds manage most of your wealth and which trade on trusted decentralised exchanges. But you still work because its fun and you like to contribute to opensource science and the data-commons.

You check your message feed curated so as to optimise your attention and see a couple of interesting microjobs to do on ethlance and there are some strategic decisions you need to make in regard to your cooperative business venture and you make these through a collaborative process maybe creating a few prediction markets to understand the unknowns..

Your agent finds you a great outdoor event and books tickets for you, it knows if you don’t want to go you can just resell, and if it rains it has already entered into an insurance Insuring contract. Then it books you an taxi to take you there and you track its progress on your we-chat like universal remote mobile app. It also pre-books you a table at some nearby restaurants entering into a option contract and then re-selling on secondary markets.

After the event you come back home and maybe you watch a film that you invested in or settle down to listen to some music streamed live over a decentralised P2P network and with microfees going direct to the artists.

This is all possible because it runs on a single decentralised global computer which anyone can access, and which provides a level playing field for 3rd-party developers, creators, and businesses. This enables each business process, Dapp or economic system to be used like a software library . It creates a kind of open source economy where people can hack and build stuff on top of other stuff…… even more importantly if it were not decentralised but instead was controlled by a few big corporations and governments it would be an absolute fucking nightmare of surveillance, censorship and manipulation.”

]]>https://cryptocommunitygroup.com/2018/04/17/top-posts-of-the-telegram-4-15-4-22/feed/050The 2-13-18 meeting was a great successhttps://cryptocommunitygroup.com/2018/02/15/the-2-13-18-meeting-was-a-great-success/
https://cryptocommunitygroup.com/2018/02/15/the-2-13-18-meeting-was-a-great-success/#respondThu, 15 Feb 2018 18:34:21 +0000http://cryptocommunitygroup.com/?p=45With over 30 people coming from the group, we reserved a Union Square bar and turned it into a bastion of knowledge and insight. Lasting several hours, we were proud to facilitate such a great portal for open discussion about this rapidly growing technology, and its accompanying asset class.
]]>https://cryptocommunitygroup.com/2018/02/15/the-2-13-18-meeting-was-a-great-success/feed/045The Journey Continues- Join the Telegram!https://cryptocommunitygroup.com/2018/02/08/the-journey-begins/
https://cryptocommunitygroup.com/2018/02/08/the-journey-begins/#respondThu, 08 Feb 2018 14:36:31 +0000https://cryptocommunitygroup.wordpress.com/?p=3join us on Telegram! https://t.me/joinchat/H2yzgE7kXjiR8lE-IRPpqQ

Good company in a journey makes the way seem shorter. — Izaak Walton

]]>https://cryptocommunitygroup.com/2018/02/08/the-journey-begins/feed/03Statutory companieshttps://cryptocommunitygroup.com/2018/01/22/statutory-companies/
https://cryptocommunitygroup.com/2018/01/22/statutory-companies/#respondMon, 22 Jan 2018 12:14:03 +0000https://www.cssigniter.com/preview/blockchain/?p=400A business (also known as an enterprise, a company, or a firm) is an organizational entity and legal entity made up of an association of people, be they natural, legal, or a mixture of both who share a common purpose and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific declared goals and are involved in the provision of goods and services to consumers. A business can also be described as an organisation that provides goods and services for human needs.

A company or association of persons

A company or association of persons can be created at law as legal person so that the company in itself can accept limited liability for civil responsibility and taxation incurred as members perform (or fail) to discharge their duty within the publicly declared “birth certificate” or published policy.

Because companies are legal persons, they also may associate and register themselves as companies – often known as a corporate group. When the company closes it may need a “death certificate” to avoid further legal obligations.

Businesses serve as conductors of economic activity

Businesses serve as conductors of economic activity, and are prevalent in capitalist economies, where most of them are privately owned and provide goods and services allocated through a market to consumers and customers in exchange for other goods, services, money, or other forms of exchange that hold intrinsic economic value.

Businesses may also be social nonprofit enterprises or state-owned public enterprises operated by governments with specific social and economic objectives.

A business owned by multiple private individuals may form as an incorporated company or jointly organized as a partnership. Countries have different laws that may ascribe different rights to the various business entities.

The word “business” can refer to a particular organization or to an entire market sector (for example, “the finance business” is “the financial sector”) or to all economic sectors collectively (“the business sector”). Compound forms such as “agribusiness” represent subsets of the concept’s broader meaning, which encompasses all activity by suppliers of goods and services.

]]>https://cryptocommunitygroup.com/2018/01/22/statutory-companies/feed/0555On limited liability partnershipshttps://cryptocommunitygroup.com/2018/01/22/on-limited-liability-partnerships/
https://cryptocommunitygroup.com/2018/01/22/on-limited-liability-partnerships/#respondMon, 22 Jan 2018 12:13:21 +0000https://www.cssigniter.com/preview/blockchain/?p=398A business (also known as an enterprise, a company, or a firm) is an organizational entity and legal entity made up of an association of people, be they natural, legal, or a mixture of both who share a common purpose and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific declared goals and are involved in the provision of goods and services to consumers. A business can also be described as an organisation that provides goods and services for human needs.

A company or association of persons

A company or association of persons can be created at law as legal person so that the company in itself can accept limited liability for civil responsibility and taxation incurred as members perform (or fail) to discharge their duty within the publicly declared “birth certificate” or published policy.

Because companies are legal persons, they also may associate and register themselves as companies – often known as a corporate group. When the company closes it may need a “death certificate” to avoid further legal obligations.

Businesses serve as conductors of economic activity

Businesses serve as conductors of economic activity, and are prevalent in capitalist economies, where most of them are privately owned and provide goods and services allocated through a market to consumers and customers in exchange for other goods, services, money, or other forms of exchange that hold intrinsic economic value.

Businesses may also be social nonprofit enterprises or state-owned public enterprises operated by governments with specific social and economic objectives.

A business owned by multiple private individuals may form as an incorporated company or jointly organized as a partnership. Countries have different laws that may ascribe different rights to the various business entities.

The word “business” can refer to a particular organization or to an entire market sector (for example, “the finance business” is “the financial sector”) or to all economic sectors collectively (“the business sector”). Compound forms such as “agribusiness” represent subsets of the concept’s broader meaning, which encompasses all activity by suppliers of goods and services.